Levels are mark on chart I have high conviction on this chart
Jktyre looks promising above 170 closing, it can retest its highs of 200 soon++ entire sector is looks strong as rubber prices are falling and also its peers are doing well time to add in folio for decent gain of returns
JKTYRE - Pole & Pennant breakout Good targets possible here, if held for a few months.
Buy above 175 on closing basis Sell at 190 200 Consolidation at lower volumes can be a sign for breakout. Book profits accordingly.
high volume and strong stock ... target 2 achive in 1 year
JK Tyre - Another one in my focus list. A fantastic symmetrical triangle & has recently shown some nice contraction in volumes too. Hopefully a nice & clean breakout.
What's your views on this one. I'm bullish based on the chart pattern
JKTYRE is about to cross MA 200 and just recently crossed the EMA200. Strong breakout can be seen from MA200 level if it is able to sustain the resistance. Share your thoughts ...
JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles),...
After inverted head and shoulder pattern break out now price is moving towards key resistance area it may consolidate or breakout from this supply zone
I see that jk tyre is forming rounding bottom, Accumulation area would from 165- 185. In future jk tyre will reach new high in upcoming days. my targets will be 205, 242, 272 and 292. Stop loss would be around 145 -150 it will take time period of 30- 90 days. Do you own analysis before taking trades.
A simple rounding bottom , retraced , can go for long.
After long consolidation, JK Tyre can take jump and can go towards one of the two blue lines
JK tyre has BO'd from triangle pattern and moving up...targets marked...i am thinking short term.
*for educational purpose only it's not a call. Do your own analysis. Stock may give breakout soon, keep watching it
Hi Traders, As you can see in the above chart , JK Tyre CMP is Rs.153.40/- and currently price is at resistance zone and you can take the short trade at CMP on Monday market after observing first 1 hour candle (it should be in downward direction -Red candle, then only take the trade) and target can be Rs.130 to 125 (Profit per share is Rs.23.4 to 28.4) and stop...
Jk tyre cmp-148.70 Entry-142.80 Sl-135 Target-152.85,163.50,174.20